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Xi Jie Fried String

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A type of catering enterprise integrating catering chain, food research and production, marketing, and brand building

Nanjing City, ChinaFounded 2019eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2022
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Xi Jie Fried String and the history behind them.

About Xi Jie Fried String

Xi Jie Fried String, operating under its parent company Nanjing Wubianjie Catering Management Co., Ltd., is a prominent fast-casual dining enterprise in the Chinese street food sector. Established on April 8, 2018, with Wang Kuankuan as the legal representative, the company has rapidly expanded its footprint, capitalizing on a model that emphasizes small-footprint stores and franchise operations to ensure swift, scalable growth.

The core of Xi Jie's business is the sale of fried food skewers, a popular snack category. The company has carved out a distinct market position by modernizing the traditional street food concept. It targets a younger demographic, primarily consumers aged 18-35, by establishing its stores in core urban business districts and leveraging a trendy, retro-Chinese branding aesthetic that encourages social media engagement. This strategy addresses common consumer concerns about the hygiene and safety of conventional roadside stalls, offering a more reliable and branded alternative in a market segment that has historically been fragmented.

The business model is a vertically integrated system encompassing a catering chain, food research and production, marketing, and brand development. Revenue is primarily generated through its extensive franchise network. The company provides significant support to its franchisees, including standardized product development, a robust supply chain with self-owned factories and numerous distribution centers, operational training, and marketing systems. This structure allows for rapid market penetration and operational efficiency. The product itself is designed for convenience, positioned as "walking food" suitable for take-out, which aligns with modern consumer habits.

As of recent reports, the chain boasts over 2,000 stores and has achieved significant sales milestones, indicating strong market acceptance. The company has successfully completed multiple funding rounds, including an A+ round in October 2022, attracting investment from venture capital firms like Source Code Capital. This financial backing underscores investor confidence in its scalable franchise model and its ability to professionalize a traditional segment of the food industry.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Nanjing City, China
Employees
1
Open positions
None listed
Dealroom signal
21.0/100
Industry
Food
Sector
eCommerce & Marketplaces
Business model
Marketplace & ecommerce
Client focus
b2b, b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Apr 2022 $10M $203M Vision Knight Capital ↗
SERIES AOther financing Oct 2021 $41M $162M Xingnaher Capital · Source Code Capital ↗
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Growth signals

Xi Jie Fried String website traffic

Latest recorded traffic for Xi Jie Fried String is 1.2K monthly website visits, up 34.8% over the last three months.

Latest monthly visits1.2K 3-month web change+34.8%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Employees 1 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Nanjing City HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Xi Jie Fried String on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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